View
1.537
Download
2
Embed Size (px)
DESCRIPTION
Marilyn Geewax presents 5 Local Economic Stories to Jump on Now, a free business journalism webinar hosted by the Donald W. Reynolds National Center for Business Journalism. Check out additional resources from this webinar at the following link: http://businessjournalism.org/2013/01/15/5-local-economic-stories-to-jump-on-now-self-guided-training/. For more information about free training for business journalists, please visit businessjournalism.org.
Citation preview
(At Least) 5 Local Economic Stories to
Jump On Now
Marilyn Geewax NPR Senior Business Editor
As 2013 begins…
Day One
What We Will Explore Today
• The 2013 Economy: Another Recession Coming? Or A Boom?
• What Does President Obama Want? • What Does the GOP-led House Want? • What Do Business Groups Want? • What Does Labor Want? • Tomorrow: How can you find local
angles?
Five Years of Troubles
Job Losses – The Key Problem
Unemployment Shot Up
http://data.bls.gov/timeseries/LNS14000000
2008 Was A Brutal Year
http://www.tradingeconomics.com/united-states/gdp-growth
Try to Remember…
• Think Back to January 2008.
• Did You Realize Then That The U.S. Economy Was Tanking?
You Rarely Know What’s Happening in Such a Big Economy The slowdown in the housing sector “is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy.” -- Fed Chairman Ben Bernanke Speaking to the House in February 2007.
POLL QUESTION #1
What’s coming in 2013?
• A recession • A boom • Slow growth • I don’t know.
Please answer by clicking the radio button on the upcoming screen.
What’s Coming in 2013?
Q. Another Recession? Or A Boom?
A. Most economists say
the economy is growing, but at a sluggish pace.
Jobless Rate – The Key Number
• 7.7 percent today, which is lousy • But in October 2009, it was 10 percent
http://data.bls.gov/timeseries/LNS14000000
12 Million Unemployed Now Nearly 5 million are Long-Term Unemployed
3.7 Million Job Openings
New-Home Sales Up 15% from the Same Time Last Year
GDP Is Rising
http://www.tradingeconomics.com/united-states/gdp-growth
POLL QUESTION #2
Which state has the lowest unemployment rate?
• Oregon • North Dakota • Virginia • Nebraska
Please answer by clicking the radio button on the upcoming screen.
Fair To Say the Economy is Uneven, with Huge Regional Differences
• North Dakota is looking great, with 3.1
percent unemployment.
Oil rig in Williston, N.D., by Flickr user lindsey gee
POLL QUESTION #3
Which state has the highest unemployment rate?
• California • Florida • Nevada • Arizona
Please answer by clicking the radio button on the upcoming screen.
Fair To Say the Economy is Uneven, with Huge Regional Differences
• North Dakota is looking great, with 3.1
percent unemployment
• But in Nevada, the jobless rate remains nearly 11 percent.
Photo by Flickr user Thomas Hawk
Some Economists Think 2013 Could Bring Much Better Growth
Three reasons: 1. Energy Expansion 2. Agriculture Boom 3. Construction Resumption
Booming Oil Industry Struggling to Fill Job Openings
http://www.npr.org/2012/05/09/152366886/booming-oil-industry-struggles-to-fill-jobs
Farmers Have Been Adding Land
Abby Fentress Swanson/Harvest Public Media
New-Home Sales Create Jobs for Landscapers, Furniture Stores, Etc.
POLL QUESTION #4
On a scale of 1 (Nevada – highest employment) to 5 (North Dakota – lowest employment)… Where would you rank your state’s employment?
Please answer by clicking the radio button on the upcoming screen.
What Does President Obama Want?
• More Jobs • Deficit Reduction • Corporate-Tax Reform • Immigration Reform • More Green Energy • Transportation-Infrastructure Upgrades
http://www.whitehouse.gov/economy
American Recovery and Reinvestment Act of 2009
What Do House Republicans Want?
• Lower Corporate Taxes • Cut Federal Spending • Expand Energy Extraction and Refining • Reform Fannie Mae and Freddie Mac
http://www.speaker.gov/initiatives
GOP Has Had Few Wins Lately
Win McNamee/Getty Images
What Does Business Want? • Corporate-Tax Reform • More Spending for Roads, Bridges, Ports
and Airports • Immigration Reform • Better Schools and Universities • Tort Reform
http://tinyurl.com/b9ka87z
What Does Labor Want?
• More Spending for Transportation, Schools and Energy Infrastructure
• Trade-Policy Reforms • More Federal Aid to State and Local
Governments to Prevent Layoffs • Wall Street Reforms • Minimum-Wage Hike
http://www.aflcio.org/Issues
By Tomorrow: Email your favorite local economic stories to [email protected]. We’ll share the links!